Ouch! Not very good? ;)
The designers above make a great point about the length of your contest and the fact that you will see more entries in future days. But now is a great opportunity for you to be collaborating with the designers that have entered early. So let me add my own best advice for you to have a wonderfully successful contest!
Designing a logo is a two-way street. I personally entered your contest and got a fairly decent rank, but zero feedback. Without feedback, it's hard for us designers to know what's working for you and what isn't. Sure, we need to bring the creativity to the table, but without some guidance from you, we're just stabbing in the dark. And it's up to you to keep us grounded toward your goals as a business owner -- it's your logo, and you probably won't find that perfect mark unless you are a bigger part of the process.
I know it can be time-consuming to give individual feedback, and for some people, it's really hard to describe the way you think or feel about a particular design. But I promise you that the more individual feedback you give to the designers who are already entered and at least displaying a style that you like, the harder they will work to give you just the right design. Yes, it may take more time from you than maybe you were prepared to give, but this is an important decision! And as the contest draws to a close, you'll have a ton more designs from other designers to add to the mix, which will likely make choosing your logo really easy (because someone nailed it) or really hard (because there's so much to choose from)!
Anyway, that's my advice. You can take it or leave it, but I wish you good luck nonetheless!
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